Arm Holdings (ARM) Q2 2024 Earnings Call Transcript

For the period ending September 30, 2023

November 8, 2023 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and welcome to the Arm Second Quarter of the Financial Year Ending 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, you will need to press star one, one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one, one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Ian Thornton, Head of Investor Relations. Please go ahead.

Ian Thornton

Thank you, Abigail. Good morning, good afternoon, everybody. My name is Ian Thornton, and I'm the Head of Investor Relations at Arm. I'd like to welcome you to our Earnings Conference Call for the Second Quarter of the Fiscal Year Ending March 31st, 2024. I'm joined today by Rene Haas, the Chief Executive Officer of Arm, and Jason Child, Arm's Chief Financial Officer.

Hopefully, you will all have downloaded and read the shareholder letter. If not, it is available on the Arm Investor Relations website at investors.arm.com. As the shareholder letter provides a rich update on our strategic progress in the quarter, we will dispense with the prepared remarks from the CEO and CFO, and instead focus on Q&A.

Before we begin, I'd like to remind everyone that during the course of this conference call, Arm will discuss forecasts, targets, and other forward-looking information regarding the company and its financial results. While these statements represent our best current judgment about future results and performance as of today, our actual results are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect.

In addition to any risks that we highlight during this call, important risk factors that may affect our future results and performance are described in our registration statement on Form F-1 filed with the SEC on September 14, 2023. Arm assumes no obligation to update any forwardlooking statements which speak only as of the date they are made.

In addition, we will refer to non-GAAP financial measures during the discussion, reconciliations of certain of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and a discussion of certain projected non-GAAP financial measures that we are not able to reconcile without unreasonable efforts and supplemental financial information can be found in the shareholder letter that we released earlier today. The shareholder letter and other earnings-related materials will be available on our website at investors.arm.com. And I'll now hand you over to Rene, who will make a brief opening statement before we go to your questions.